Remove Abandonment Remove BBL Remove Engineering
article thumbnail

ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

million bbl of oil equivalent in Triassic reservoir rocks. After the completion of operations, the well was permanently plugged and abandoned. The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6

article thumbnail

Oil and Gas 2025: How Will Companies Navigate a Year of Transformation—and Why It Affects Everyone?

Rextag

Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025. Current estimates suggest that at $70/ bbl oil, companies hold three to seven years of drilling inventory in core zones.

IT 40